Algeria: Statistical Appendix; IMF Country Report 11/40; December

© 2011 International Monetary Fund February 2011 IMF Country Report No. 11/40

December 27, 2010 January 29, 2001 January 29, 2001 January 29, 2001 January 29, 2001

Algeria: Statistical Appendix

This Statistical Appendix on Algeria was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with the member country. It is based on the information available at the time it was completed on December 27, 2010. The views expressed in this document are those of the staff team and do not necessarily reflect the views of the government of Algeria or the Executive Board of the IMF. The policy of publication of staff reports and other documents by the IMF allows for the deletion of market-sensitive information.

Copies of this report are available to the public from

International Monetary Fund Publication Services 700 19th Street, N.W. Washington, D.C. 20431

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International Monetary Fund Washington, D.C.

INTERNATIONAL MONETARY FUND

ALGERIA

Statistical Appendix

Prepared by Binta Terrier and José Gijon (MCD)

Approved by the Middle East and Central Asia Department

December 27, 2010

Contents Page

1. Basic Economic and Financial Indicators, 2005–09 .............................................................3

2. Supply and Use of Resources at Current Prices, 2005–09....................................................4

3. Sectoral Distribution of GDP at Current Prices, 2005–09 ....................................................5

4. Sectoral Distribution of Real GDP Growth, 2005–09 ..........................................................6

5. Production, Exports, and Consumption of Liquid Pretroleum Products, 2005–09 ..............7

6. Production, Exports, and Consumption of Gas Products, 2005–09 ......................................8

7. Domestic Prices of Major Energy Products, 2005–09 ..........................................................9

8. Agricultural Land Use Patterns, 2005–09 ...........................................................................10

9. Crop Yields, 2005–09 .........................................................................................................11

10. Livestock, 2005–09 ...........................................................................................................11

11. Indices of Industrial Production in Public Enterprises, 2005–09 .....................................12

12. Production of Minerals, 2005–09 .....................................................................................13

13. Housing Supply, 2005–09 .................................................................................................14

14. Consumer Price Index, 2005–09 .......................................................................................15

15. Income of Households, 2005–09 ......................................................................................16

16. Labor Force, Employment, and Unemployment, 2005–09...............................................17

17. Summary of Central Government Operations, 2005–09 ..................................................18

18. Composition of Central Government Revenue, 2005–09 .................................................19

19. Central Government Revenue, 2005–09 ...........................................................................20

20. Composition of Central Government Expenditure, 2005–09 ...........................................21

21. Central Government Expenditure, 2005–09 .....................................................................22

22. Sectoral Allocation of Budgetary Capital Expenditure, 2005–09 ....................................23

23. Central Government Domestic Debt, 2005–09 .................................................................24

24. Monetary Survey, 2005–09 ...............................................................................................25

25. Summary Balance Sheet of the Bank of Algeria, 2005–09 ..............................................26

26. Summary Balance Sheet of Deposit Money Banks, 2005–09 ..........................................27

27. Distribution of Credit to the Economy by Maturity, 2005–09..........................................28

28. Districution of Credit to the Economy by Sector, 2005–09 ..............................................29

29. Structure of Interest Rates, 2005–09 .................................................................................30

2

30. Number of Branches of Financial Institutions, 2005–09 ...................................................31

31. Balance of Payments, 2005–09 .........................................................................................32

32. Exports and Imports, 2005–09 ..........................................................................................33

33. Volume of Hydrocarbon Exports, 2005–09 ......................................................................34

34. Hydrocarbon Exports, 2005–09 ........................................................................................35

35. Trade Indices, 2005–09 .....................................................................................................36

36. External Debt, 2005–09 ...................................................................................................37

37. Nominal and Real Effective Exchange Rates, 1990–2009 ...............................................39

3

2005 2006 2007 2008 2009

Production and prices

Nominal GDP 23.3 12.6 10.0 18.2 -9.5

Real GDP 5.1 2.0 3.0 2.4 2.4

Real nonhydrocarbon GDP (NHGDP) 4.7 5.6 6.3 6.1 9.3

GDP deflator 17.0 10.3 7.3 15.4 -9.9

NHGDP deflator 5.0 4.1 8.1 8.3 4.2

Consumer price index (average) 1.6 2.5 3.5 4.5 5.7

External sector

Exports, f.o.b. 46.3 54.7 60.6 78.6 45.2

Imports, f.o.b. 19.9 20.7 26.4 38.0 37.4

Current account balance 21.2 29.0 30.6 34.5 0.4

Current account balance (in percent of GDP) 20.7 24.7 22.5 20.1 0.3

Overall balance 16.9 17.7 29.6 37.0 3.9

Central government

Total budget revenue and grants 40.9 42.8 39.2 47.2 36.3

Of which: hydrocarbon revenue 31.2 32.9 30.1 37.2 23.8

Total expenditure and net lending 29.0 29.2 34.7 39.5 43.1

Overall balance 11.9 13.5 4.4 7.7 -6.8

Nonhydrocarbon primary balance (in percent of NHGDP) -33.0 -34.1 -43.2 -53.1 -44.9

Money and credit

Broad money (annual percentage change) 11.1 18.6 24.2 16.1 3.1

Net credit to government (as a percent of beginning money stock) -24.4 -17.8 -20.7 -25.2 0.2

Credit to the economy (annual percentage change) 15.9 9.3 12.5 20.4 18.5

13-week T-bill interest rate (in percent per annum) 0.0 1.4 0.2 0.2 0.3

Official reserves

Gross official reserves (in billions of U.S. dollars) 56.2 77.8 110.2 143.1 148.9

Idem, in months of next year's imports of goods and services 26.5 28.0 27.4 35.4 35.6

Debt

Total external debt (in billions of U.S. dollars) 17.2 5.6 5.6 5.6 5.3

Total external debt (in percent of GDP) 16.7 4.8 4.2 3.3 3.8

Total government debt (in percent of GDP) 27.3 23.6 12.4 8.2 10.4

Domestic government debt (in percent of GDP) 10.6 18.7 5.3 4.9 6.6

Memorandum items:

Gross domestic product (in billions of dinars) 7,565 8,515 9,363 11,069 10,018

Idem (in billions of U.S. dollars) 102.7 116.8 135.3 171.0 139.8

Per capita GDP (in U.S. dollars) 3,122 3,456 3,934 4,962 3,925.9

Exchange rate (DA/US$) (average) 73.4 73.7 69.2 64.6 72.5

Real effective exchange rate (annual percentage rate) -4.0 0.0 -1.0 3.2 -4.3

Terms of trade (annual percentage rate) 33.0 9.6 0.8 22.5 -26.8

Sources: Algerian authorities; and Fund staff estimates.

Table 1. Algeria: Basic Economic and Financial Indicators, 2005–09

(In billions of U.S. dollars; unless otherwise indicated)

(In percent of GDP; unless otherwise indicated)

(Annual percentage change)

4

2005 2006 2007 2008 2009

Gross domestic product 7,564.6 8,514.8 9,362.7 11,069.0 10,017.5

Resource gap 1,749.2 2,286.2 2,076.1 2,127.2 -59.4

Exports of goods and nonfactor services 3,569.6 4,149.7 4,402.2 5,298.0 3,524.4

Imports of goods and nonfactor services 1,820.4 1,863.5 2,326.1 3,170.8 3,583.8

Gross domestic spending 5,815.4 6,234.4 7,231.4 8,763.5 10,076.8

Consumption 3,418.9 3,650.4 4,011.0 4,649.9 5,391.0

Government 865.9 954.9 1,062.9 1,464.0 1,642.9

Nongovernment 2,553.0 2,695.6 2,948.1 3,185.9 3,748.1

Gross investment 2,396.5 2,583.9 3,220.4 4,113.6 4,685.8

Gross fixed capital formation 1,691.6 1,967.3 2,444.9 3,065.1 3,811.4

Change in inventories 704.9 616.6 775.5 1,048.5 874.4

Gross domestic savings 4,145.7 4,864.4 5,351.7 6,419.1 4,626.5

Net factor income from abroad -373.1 -328.9 -127.6 -84.2 -94.8

Net current transfers 151.4 116.7 153.3 175.1 191.3

National savings 3,924.0 4,652.2 5,377.4 6,510.0 4,723.0

Gross national product 7,191.5 8,185.9 9,235.1 10,984.8 9,922.7

Gross domestic product 100.0 100.0 100.0 100.0 100.0

Resource gap 23.1 26.8 22.2 19.2 -0.6

Exports of goods and nonfactor services 47.2 48.7 47.0 47.9 35.2

Imports of goods and nonfactor services 24.1 21.9 24.8 28.6 35.8

Gross domestic spending 76.9 73.2 77.2 79.2 100.6

Consumption 45.2 42.9 42.8 42.0 53.8

Government 11.4 11.2 11.4 13.2 16.4

Nongovernment 33.7 31.7 31.5 28.8 37.4

Gross investment 31.7 30.3 34.4 37.2 46.8

Gross fixed capital formation 22.4 23.1 26.1 27.7 38.0

Change in inventories 9.3 7.2 8.3 9.5 8.7

Gross domestic savings 54.8 57.1 57.2 58.0 46.2

Net factor income from abroad -4.9 -3.9 -1.4 -0.8 -0.9

Net current transfers 2.0 1.4 1.6 1.6 1.9

National savings 51.9 54.6 57.4 58.8 47.1

Gross national product 95.1 96.1 98.6 99.2 99.1


(In billions of dinars)

(In percent of GDP)

Table 2. Algeria: Supply and Use of Resources at Current Prices, 2005–09

5

2005 2006 2007 2008 2009

Hydrocarbons 3,352.9 3,882.2 4,089.3 4,997.6 3,109.1

Other sectors 3,717.7 4,141.1 4,741.0 5,417.5 6,197.3

Agriculture 581.6 641.3 704.2 711.8 926.4

Industry 421.0 449.5 479.8 519.5 573.1

Construction and public works 564.4 674.3 825.1 956.7 1,094.8

Nongovernment services 1,518.9 1,698.1 1,933.2 2,147.0 2,515.3

Government services 631.8 677.9 798.7 1,082.5 1,087.7

Imports taxes and duties 494.0 491.5 532.4 653.9 711.1

Gross domestic product 7,564.6 8,514.8 9,362.7 11,069.0 10,017.5

Hydrocarbons 44.3 45.6 43.7 45.1 31.0

Other sectors 49.1 48.6 50.6 48.9 61.9

Of which:

Agriculture 7.7 7.5 7.5 6.4 9.2

Industry 5.6 5.3 5.1 4.7 5.7

Government services 8.4 8.0 8.5 9.8 10.9

Hydrocarbons 44.5 15.8 5.3 22.2 -37.8

Other sectors 10.3 11.4 14.5 14.3 14.4

Of which:

Agriculture 0.5 10.3 9.8 1.1 30.1

Industry 11.5 6.8 6.7 8.3 10.3


Gross domestic product 23.3 12.6 10.0 18.2 -9.5



(In percent of GDP)


Table 3. Algeria: Sectoral Distribution of GDP at Current Prices, 2005–09

6

2005 2006 2007 2008 2009

Hydrocarbons 5.8 -2.5 -0.9 -2.3 -6.0

Other sectors

Agriculture 1.9 4.9 5.0 -5.3 20

Mining 12.9 15.1 8 9.8 3.4

Energy (nonhydroelectric) and water 9.5 3.4 6.0 7.9 7.2

Manufacturing -4.5 -2.2 -3.9 1.9 0.7

Food processing -14.4 -7.6 -2.1 6.8 -9.1

Steel, mechanical, and electrical construction -4.1 1.3 -8.9 3.9 6.4

Chemical industry 3.9 -3.1 -4.4 2.5 2.0

Textiles 0.6 -14.0 -15 -1.1 1.2

Leather products -18.4 -15.9 -4.8 -1.2 -12.0

Building materials 4.8 -3.8 2.7 -1.6 -1.0

Wood and paper -15.9 2.9 -6.8 -11.9 -21.4

Other -25.1 -1.0 -31.2 -20.6 0.0

Private industry 1.7 2.1 3.2 … …

Construction and public works 7.1 11.6 9.8 9.8 8.7

Nongovernment services 6.0 6.5 6.8 7.8 8.8


Import taxes and duties 5.9 2.7 5.5 7.7 6.8

Gross domestic product 5.1 2.0 3.0 2.4 2.4

Gross domestic absorption 6.0 3.6 7.9 10.4 12.7

Consumption 4.1 3.4 3.7 5.5 5.9

Government 2.1 4.8 7.1 8.7 6.0

Nongovernment 4.8 2.9 2.5 4.9 5.8

Gross investment 7.9 7.2 9.8 11.8 8.5

Exports of goods and nonfactor services 6.1 -2.5 -0.6 -2.9 -10.7

Imports of goods and nonfactor services 9.5 -1.8 11.1 17.7 9.1

Memorandum item:

Real per capita GDP 3.4 -0.7 1.2 2.2 …

Source: Algerian authorities.

(In percent)

Table 4. Algeria: Sectoral Distribution of Real GDP Growth, 2005–09

7

2005 2006 2007 2008 2009

Liquid petroleum and substitutes

Production 85.6 85.6 85.8 83.4 77.2

Crude oil and substitutes 62.5 63.7 63.8 61.3 56.8

Condensate 14.5 13.6 13.7 13.5 12.3

Liquefied petroleum gas (LPG) 8.6 8.3 8.3 8.6 8.1

Imports 0.3 0.3 0.4 0.4 0.4

Refinery input 19.4 20.1 19.5 22.3 23.7

Direct exports 66.3 64.2 63.5 59.7 97.2

Crude 45.0 43.8 43.2 39.2 52

Condensate 13.8 13.4 12.9 13.0 34.7

LPG 7.5 7.0 7.4 7.5 10.5

LPG consumption 2.1 1.9 1.9 2.0 6.8

Discrepancy 1/ -1.9 -0.3 1.3 -0.2 2.0

Refined products

Production 17.7 19.0 19.1 21.4 22.4

Exports 9.5 9.6 9.9 10.4 10.8

Domestic consumption 9.9 11.4 12.2 13.4 14.3

Discrepancy 1/ -1.7 -2.0 -3.0 -2.4 -2.7

Memorandum item:

Total exports 75.8 73.8 73.5 70.1 62.9


1/ Reflects change in inventories and errors of measurement.

Table 5. Algeria: Production, Exports, and Consumption of Liquid

Petroleum Products, 2005–09

(In millions of tons)

8

2005 2006 2007 2008 2009

Gross production 193.0 194.8 198.2 201.5 196.9

Input into oil production 88.2 84.5 84.8 85.1 79.5

Net production 1/ 104.8 110.3 113.4 116.4 117.4

Volume transported 2/ 89.2 84.9 85.4 86.2 82


Sales to liquefaction plants 30.9 30.2 30.5 26.7 27.1

Liquid natural gas (LNG) production 24.7 23.5 24 21.9 22.1

Of which:

LNG exports 24.4 23.2 23.5 21.7 21.8

Exports by pipeline 39.8 37.8 35.5 39 33.6

Discrepancy 3/ 0.0 0.0 0.0 0.0 0.0

Gross production 5.0 0.9 2.7 3.4 -0.7

Input into oil production 6.9 -4.2 -3.9 0.7 -6.3

Net production 1/ 3.5 5.2 8.2 5.5 3.5

Volume transported 2/ 7.6 -4.8 -4.3 1.5 -4.0


Sales to liquefaction plants 0.3 -2.3 -1.3 -11.6 -11.1

LNG production 1.2 -4.9 -2.8 -6.8 -7.9

Of which:

LNG exports 0.0 -4.9 -3.7 -6.5 -7.2

Exports by pipeline 12.7 -5.0 -10.8 3.2 -5.4

Memorandum item:

Total exports 65.3 62.5 58.9 60.6 60.6

Of which:

LNG exports (in percent) 37.3 37.1 39.9 35.7 35.7

Piped exports (in percent) 61.0 60.6 60.3 64.3 64.3


1/ Net of gas reinjected into producing oil wells.

2/ Equal to net production minus gas flared, gas used for lifting and for fuel gas, and other losses

in the fields.

3/ Reflects errors in measurement.

Table 6. Algeria: Production, Exports, and Consumption of Gas Products, 2005–09

(In billions of cubic meters; unless specified otherwise)


(In billions of cubic meters)

9

2005 2006 2007 2008 2009

Butane (13 kg/bottle) 200.0 200.0 200.0 200.0 200.0

Propane (35 kg/bottle) 400.0 400.0 400.0 400.0 400.0

LPG fuel (kg) 5.9 5.9 5.9 5.9 5.9

LPG car fuel 9.0 9.0 9.0 9.0 9.0

Super gasoline 23.0 23.0 23.0 23.0 23.0

Regular gasoline 21.2 21.2 21.2 21.2 21.2

Gas oil 13.7 13.7 13.7 13.7 13.7

Fuel oil 10.0 10.0 10.0 10.0 10.0


Table 7. Algeria: Domestic Prices of Major Energy Products, 2005–09

(In dinars per liter; unless otherwise indicated)

10

2005 2006 2007 2008 2009

Cereals 3,151.3 3,266.7 3,056.5 3,156.4 3,243.1

Durum wheat 1,314.9 1,358.0 1,250.6 1,230.3 1,288.3

Bread wheat 721.2 700.1 661.1 641.5 600.9

Barley 1,023.4 1,117.7 1,057.7 1,195.3 1,275.6

Other 91.7 90.9 87.1 89.3 78.3

Pulses 69.2 66.9 63.5 61.2 67.4

Fodder crops 484.2 364.7 493.8 588.9 712.6

Industrial crops 1/ 26.2 15.7 15.7 22.4 21.2

Vegetables 2/ 211.0 212.4 193.6 205.6 348.8

Grapes 100.0 97.0 91.9 86.7 82.7

Fruit trees 778.5 810.1 828.0 823.8 823.2

Natural prairies 26.1 25.6 25.5 24.3 24.5

Others 3,571.7 3,544.5 3,573.0 3,563.3 …

Total cultivated land 8,390.6 8,403.6 8,414.7 8,424.8 8,423.3

Fallow 3,589.9 3,404.8 3,573.0 3,563.3 3,423.5


1/ Industrial tomatoes and tobacco.

2/ Potatoes, tomatoes, garlic and onions, and watermelons.

(In thousands of hectares)

Table 8. Algeria: Agricultural Land Use Patterns, 2005–09

11

2005 2006 2007 2008 2009

Cereals

Hard wheat 15,687.1 17,728.0 15,290.0 9,350.0 20,010.4

Soft wheat 8,460.2 9,151.3 7,899.6 3,437.0 9,520.8

Barley 10,328.2 12,358.8 11,866.6 3,873.0 22,033.6

Potatoes 21,565.5 21,809.6 15,068.6 21,710.6 26,360.6

Pulses

Fava beans 268.8 243.0 279.7 235.2 364.9

Chickpeas 137.3 127.1 142.9 112.1 178.4


2005 2006 2007 2008 2009

Bovine 1,586.0 1,608.0 1,658.0 1,670.0 1,682.0

Ovine 18,909.0 19,616.0 19,851.0 20,235.0 21,404.0

Caprine 3,590.0 3,755.0 3,774.0 3,829.0 3,962.0

Cameline 269.0 287.0 292.0 299.0 301.0


Table 9. Algeria: Crop Yields, 2005–09

(In thousands of quintals)

Table 10. Algeria: Livestock, 2005–09

(In thousands of heads)

12

2004 2005 2006 2007 2008 2009

Water and energy 231.7 239.6 253.9 273.8 293.4

Hydrocarbons 149.6 148.5 150.7 147.1 139.2

Mining and quarrying 91.0 104.8 120.9 132.8 137.3

Mechanical and electrical 70.6 71.5 55.5 57.65 61.3

Construction materials 112.7 108.5 116.1 114.2 113.1

Chemicals 82.3 77.7 67.4 69.1 70.5

Food processing 34.6 32.0 32.3 34.45 31.3

Textiles 24.6 21.2 18.4 18.2 18.4

Leather and hides 10.9 9.2 7.4 7.4 6.5

Woods and paper 23.1 23.7 23.2 20.44 16.1

Other industries 19.0 18.8 13 10.3 10.3

General index 88.7 88.4 90.1 91.8 91.9

General index (excluding hydrocarbons) 74.6 74.2 73.1 76.3 78.5

General index of manufactured commodities 60.0 58.5 51.8 52.8 53.2

Water and energy 9.5 3.4 6.0 7.8 7.2

Hydrocarbons 3.0 -0.7 1.5 -2.4 -5.4

Mining and quarrying 10.0 15.2 15.4 9.8 3.4

Mechanical and electrical -4.1 1.3 -22.4 3.9 6.4

Construction materials 6.9 -3.7 7.0 -1.6 -1.0

Chemicals 5.5 -5.6 -13.3 2.5 2.0

Food processing -14.6 -7.5 0.9 6.7 -9.1

Textiles 0.0 -13.8 -13.2 -1.1 1.2

Leather and hides -19.3 -15.6 -19.6 0.0 -12.6

Woods and paper -17.8 2.6 -2.1 -11.9 -21.5

Other industries -25.0 -1.1 -30.9 -20.8 0.4

General index 1.6 -0.3 1.9 1.9 0.1

General index (excluding hydrocarbons) 1.1 -0.5 -1.5 4.4 2.9

General index of manufactured commodities -2.4 -2.5 -11.5 1.8 0.8



(1989 = 100)

Table 11. Algeria: Indices of Industrial Production in Public Enterprises, 2005–09

13

2005 2006 2007 2008 2009

Iron ore 1,668.0 1,996.0 1,584.0 2,068.0 1,218.0

Phosphates 872.0 1,510.0 1,800.0 1,805.0 1,017.0

Zinc and lead 4.0 0.6 0.0 0.0 0.0

Mercury 2/ 0.0 0.0 0.0 0.0 0.0

Iron ore 7.3 19.7 -20.6 30.6 -41.1

Phosphates -14.0 73.2 19.2 0.3 -43.7

Zinc and lead 1639.1 -85.8 -100.0 0.0 0.0

Mercury 2/ -100.0 0.0 0.0 0.0 0.0


1/ Excluding hydrocarbons.

2/ In thousands of containers, each weighing 34 kilograms.

Table 12. Algeria: Production of Minerals, 2005–09 1/

(In thousands of tons; unless otherwise indicated)


14

2005 2006 2007 2008 2009

Formal 104.9 159.2 165.3 205.6 199.6

Social 96.9 150.7 160.3 201.5 194.0

Rental 24.2 43.5 44.1 57.6 55.5

Owner occupied 72.6 107.216 116.2 143.9 138.5

Other formal 8.0 8.4 5 4.1 5.6

Public 4.3 5.781 2.8 1.8

Private 3.7 2.638 2.2 2.3

Autoconstruction 27.6 18.6 14.7 15.1 18.2

Total 132.5 177.8 180 220.8 217.8

Formal 79.2 89.5 91.8 93.1 91.6

Social 73.1 84.8 89.1 91.3 89.1

Rental 18.3 24.5 24.5 26.1 25.5

Owner occupied 54.8 60.3 64.6 65.2 63.6

Other formal 6.1 4.7 2.8 1.9 2.6

Public 3.3 3.3 1.6 0.8 0.0

Private 2.8 1.5 1.2 1.0 0.0

Autoconstruction 20.8 10.5 8.2 6.8 8.4

Total 100.0 100.0 100.0 100.0 100.0


(In thousands of dwellings delivered)

Table 13. Algeria: Housing Supply, 2005–09

(In percent of total)

15

2005 2006 2007 2008 2009 2/

Foodstuffs, beverages, and tobacco 648.0 675.9 720.2 773.4 139.0

Clothing and shoes 445.8 444.5 442.9 440.4 104.6

Housing costs 730.6 754.0 761.2 770.6 129.3

Furniture 371.4 370.3 371 371.7 109.7

Health and medical care 674.4 681.2 701.8 716.9 114.2

Transportation and communications 660.1 670.2 667.1 672.2 141.8

Education and entertainment 475.4 475.9 484.7 503.3 119.1

Other services 734.8 741.3 754.1 780.7 127.8

General index 610.6 626.1 648.1 676.9 131.1

Foodstuffs, beverages, and tobacco -0.7 4.3 6.6 7.4 8.2

Clothing and shoes 0.2 -0.3 -0.4 -0.6 0.4

Housing costs 13.4 3.2 1.0 1.2 2.7

Furniture -0.3 -0.3 0.2 0.2 1.8

Health and medical care 1.1 1.0 3.0 2.2 3.4

Transportation and communications 9.8 1.5 -0.5 0.8 3.6

Education and entertainment 0.3 0.1 1.8 3.8 6.0

Other services 0.0 0.9 1.7 3.5 7.9

General index 1.6 2.5 3.5 4.5 5.7


1/ Includes 256 items and covers households Algiers area.

2/ New Index base 2009.

Table 14. Consumer Price Index, 2005–09 1/

(Average percentage change)

(1989 = 100)

16

2005 2006 2007 2008 2009

Wages and salaries 1/ 1,327.4 1,411.7 1,698.7 2,108.1 …

Agriculture 70.6 75.3 89.5 95.3 …

Central government 632.4 681.5 797.2 1,127.5 …

Other sectors 624.4 654.9 812.0 885.3 …

Self-employed 1,723.0 1,900.7 2,176.0 2,465.4 …

Transfers 841.7 828.0 1,309.5 1,148.6 …

Gross income 3,892.1 4,140.4 5,184.2 5,722.1 …

Disposable income 3,299.4 3,587.1 4,539.5 4,908.4 …


1/ Includes social security contributions paid by employees.

Table 15. Algeria: Income of Households, 2005–09


17

2005 2006 2007 2008 2009

Labor force 10,027 10,267 10,514 10,801 10,544

Agriculture 1,683 1,780 1,842 1,841 1,242

Other sectors 8,344 8,487 8,672 8,960 9,302

Employment 6,222 6,517 6,771 7,002 9,472

Agriculture 1,683 1,780 1,842 1,841 1,242

Other sectors 4,539 4,737 4,929 5,161 8,230

Industry 523 525 522 530 1,194

Construction and public works 1,050 1,160 1,261 1,371 1,718

Government 1,527 1,542 1,557 1,572 5,318

Other 1,439 1,510 1,589 1,688 ...

Work at home 2/ 2,275 2,485 2,498 2,579 …

Unemployed 1,530 1,265 1,245 1,220 1,072

(in percent of labor force) 15.3 12.3 12 11 10

Youth unemployment 3/ 31.1 24.3 25 24 21

Urban youth unemployment 33.0 28.6 27 25 ...

Source: Algerian authorities; and Fund staff estimates.

1/ Data not strictly comparable over time.

2/ Including military draft and irregular employment. The increase in 2004 possibly reflects in part

the occurrence of Ramadan shortly after the annual household survey was conducted.

3/ Unemployed of less than 24 years of age in percent of labor force of less than 24 years of age.

Table 16. Algeria: Labor Force, Employment, and Unemployment, 2005–09 1/

(In thousands; unless otherwise indicated)

18

2005 2006 2007 2008 2009

Total budget revenue and grants 1/ 3,082.7 3,639.9 3,687.9 5,190.6 3,672.9

Hydrocarbon revenue 2/ 2,352.7 2,799.0 2,796.8 4,088.6 2,412.7

Nonhydrocarbon revenue 1/ 730.0 840.8 890.9 1,101.9 1,259.4

Tax revenue 640.5 720.9 766.8 965.3 1,144.5

Taxes on income and profits 168.1 241.2 258.1 331.5 460.8

Taxes on goods and services 308.8 341.3 347.4 435.2 479.0

Customs duties 143.9 114.8 133.1 164.9 169.1

Registration and stamps 19.6 23.5 28.1 33.6 35.6

Nontax revenues 1/ 89.5 119.9 124.1 136.7 114.9

Fees 1/ 35.1 44.3 75.2 113.8 66.7

Bank of Algeria dividends 48.7 75.3 41.0 22.5 48.2

Dividends from holdings 5.7 0.3 7.9 0.3 0.0

Grants 0.0 0.1 0.2 0.1 0.8

Total budget expenditure 2,052.0 2,454.4 3,114.2 4,191.2 4,224.8

Current expenditure 1,241.4 1,435.2 1,672.0 2,218.0 2,299.0

Personnel expenditure 492.2 531.3 628.7 826.6 879.9

Mudjahidins' pensions 79.8 92.5 101.6 103.0 130.7

Material and supplies 76.0 95.7 93.8 111.7 112.5

Current transfers 3/ 520.2 645.6 762.8 1,115.2 1,138.5

Interest payments 73.2 70.0 85.0 61.4 37.4

Capital expenditure 810.6 1,019.2 1,442.3 1,973.3 1,925.8

Budget balance 1,030.6 1,185.5 573.6 999.4 -551.9

Special accounts balance -129.0 -4.1 -18.9 -31.2 -7.3

Net lending by Treasury 5.2 32.1 141.3 123.8 134.6

Primary balance 4/ 969.7 1,219.3 498.4 905.8 -656.4

Overall balance 4/ 896.4 1,149.3 413.4 844.4 -693.8

Financing -896.4 -1,149.3 -413.4 -844.4 693.8

Domestic 5/ -780.7 -990.7 -302.8 -821.7 693.0

Foreign 6/ -115.7 -158.6 -110.7 -22.6 0.8


1/ Excluding privatization receipts, which are classified under nonbank financing.

2/ Including dividends on current profits paid by Sonatrach.

3/ Covers expenditures for public services, food subsidies, agricultural price support, and cash

transfers forthe poor.

4/ Including special accounts, net lending and operations of the Rehabilitation Fund.

5/ Including debt rescheduling proceeds blocked on account at Bank of Algeria.

6/ Includes external debt rescheduling proceeds.

Table 17. Algeria: Summary of Central Government Operations, 2005–09


19

2005 2006 2007 2008 2009

Total budget revenue and grants 1/ 3,082.7 3,639.9 3,687.9 5,190.6 3,672.9

Hydrocarbon revenue 2,352.7 2,799.0 2,796.8 4,088.6 2,412.7

Of which: Sonatrach dividends 85.0 85.0 85.0 85.0 85.0

Nonhydrocarbon revenue 1/ 730.0 840.8 890.9 1,101.9 1,259.4

Tax revenue 640.5 720.9 766.8 965.3 1,114.5


Wage income taxes 85.6 96.1 124.9 125.9 182.7

Other 82.6 145.1 133.2 205.7 278.1


VAT and excises on imports 135.8 140.9 171.9 172.9 232.3

VAT and excises on domestic activities 129.1 145.7 168.8 196.8 232.8

VAT on domestic transactions 98.9 114.2 136.6 165.3 199.0

Tobacco and alcohol excises (DIC) 30.2 31.5 32.2 31.5 33.8

VAT on petroleum products/levy 5.9 4.4 0.1 0.1 0.2

Excises on petroleum products 37.9 40.6 4.1 0.2 0.7

Other indirect taxes 0.1 9.6 2.5 14.8 12.8

Customs duties 143.9 114.8 133.1 164.9 169.1


Nontax revenue 1/ 89.5 119.9 124.1 136.7 114.9

Fees 1/ 35.1 44.3 75.2 113.8 66.7



Grants 0.0 0.1 0.2 0.1 0.8

Total budget revenue and grants 100.0 100.0 100.0 100.0 100.0

Hydrocarbon revenue 76.3 76.9 75.8 78.8 65.7

Nonhydrocarbon revenue 23.7 23.1 24.2 21.2 34.3

Tax revenue 20.8 19.8 20.8 18.6 30.3



Customs duties 4.7 3.2 3.6 3.2 4.6


Nontax revenue 2.9 3.3 3.4 2.6 3.1

Grants 0.0 0.0 0.0 0.0 0.0


1/ Excluding privatization receipts.

Table 18. Algeria: Composition of Central Government Revenue, 2005–09

(In percent of total budget revenue and grants)


20

2005 2006 2007 2008 2009

Total budget revenue and grants 1/ 40.9 42.7 39.6 47.2 36.3

Hydrocarbon revenue 31.2 32.8 30.1 37.2 23.8

Of which: Sonatrach dividends 1.1 1.0 0.9 0.8 0.8

Nonhydrocarbon revenue 1/ 9.7 9.9 9.6 10.0 12.5

Tax revenue 8.5 8.5 8.2 8.8 11.3


Wage income taxes 1.1 1.1 1.3 1.4 1.8

Other 1.1 1.7 1.4 1.6 2.7


VAT and excises on imports 1.8 1.7 1.8 2.0 2.3

VAT and excises on domestic activities 1.7 1.7 1.8 1.8 2.3

VAT on domestic transactions 1.3 1.3 1.5 1.5 2.0

Tobacco and alcohol excises (DIC) 0.4 0.4 0.3 0.3 0.3

VAT on petroleum products/levy 0.1 0.1 0.0 0.0 0.0

Excises on petroleum products 0.5 0.5 0.0 0.0 0.0

Other indirect taxes 0.0 0.1 0.0 0.1 0.1

Customs duties 1.9 1.3 1.4 1.5 1.7


Nontax revenue 1/ 1.2 1.4 1.3 1.2 1.1

Fees 1/ 0.5 0.5 0.8 1.0 0.7




1/ Excluding privatization receipts.

Table 19. Algeria: Central Government Revenue, 2005–09

(In percent of GDP)

21

2005 2006 2007 2008 2009

Budget expenditure 2,052.0 2,454.4 3,114.2 4,191.2 4,224.8

Current expenditure 1,241.4 1,435.2 1,672.0 2,218.0 2,299.0


Wages and salaries 490.1 531.3 628.7 826.6 879.9

Other 2.1 0.0 1.0 2.0 0



Public services 187.5 215.5 273.0 360.8 405.2

Hospitals 61.7 73.5 107.9 151.5 173.2

Other 125.8 142 165.2 209.4 232

Current transfers 332.7 430.1 489.8 705.1 886.9

Public works and social assistance 0.0 0.0 0.0 0.0 0

Food subsidies 1.5 1.1 1.2 2.5 2.6

Youth Employment Support Fund 4.0 5.5 5.5 57.6 14.8

Other transfers 327.2 423.5 483.1 645.0 869.5


Capital expenditure 810.6 1,019.2 1,442.3 1,973.3 1,925.8



Total expenditure and net lending 2,186.2 2,490.6 3,274.4 4,346.2 4,366.7


Budget expenditure 93.9 98.5 95.1 96.4 96.8

Current expenditure 56.8 57.6 51.1 51.0 52.6




Public services 8.6 8.7 8.3 8.3 9.3



Capital expenditure 37.1 40.9 44.0 45.4 44.1




Table 20. Algeria: Composition of Central Government Expenditure, 2005–09


(In percent of total expenditure)

22

2005 2006 2007 2008 2009


Current expenditure 16.5 16.8 18.0 20.2 22.7

Personnel 6.5 6.2 6.8 7.5 8.7

Wages and salaries 6.5 6.2 6.8 7.5 8.7

Other 0.0 0.0 0.0 0.0 0.0



Public services 2.5 2.5 2.9 3.3 4.1

Hospitals 0.8 0.9 1.2 1.4 1.7

Other 1.7 1.7 1.8 1.9 2.3


Public works and social assistance 0.0 0.0 0.0 0.0 0.0

Food subsidies 0.0 0.0 0.0 0.0 0.0

Youth Employment Support Fund 0.1 0.1 0.1 0.5 0.3

Other transfers 4.3 5.0 5.3 5.9 6.2

Interest on debt 1.0 0.8 0.9 0.6 0.4

Capital expenditure 10.7 12.0 15.5 17.9 19.0

Special accounts balance -1.7 0.0 -0.2 -0.3 -0.1



Table 21. Algeria: Central Government Expenditure, 2005–09

(In percent of GDP)

23

2005 2006 2007 2008 2009

Agriculture and fishery 13,104.0 12,463.0 15,099.0 15,441.0 25,769.0

Irrigation and waterworks 125,438.0 169,108.0 183,897.0 217,136.0 256,554.0

Industry and energy 95.0 130.0 200.0 14.0 134.0

Tourism 6.0 24.0 17.0 86.0 374.0

Economic infrastructure 155,273.0 225,456.0 380,386.0 522,577.0 398,510.0

Housing 67,516.0 89,683.0 184,746.0 177,929.0 230,758.0

Education and professional training 84,540.0 84,136.0 126,160.0 122,100.0 144,913.0

Social infrastructure 35,567.0 32,900.0 41,760.0 49,049.0 68,483.0

Administrative infrastructure 29,961.0 38,446.0 54,439.0 66,553.0 85,665.0

Urban development 37,235.0 51,056.0 79,350.0 57,091.0 77,613.0

Unallocated 78,840.0 91,060.0 111,622.0 97,058.0 136,736.0

Total 627,575.0 794,462.0 1,177,676.0 1,325,034.0 1,425,508.0

Agriculture and fishery 54.5 -4.9 21.2 2.3 66.9

Irrigation and waterworks 40.9 34.8 8.7 18.1 18.2

Industry and energy -57.8 36.8 53.8 -93.0 857.1

Tourism 200.0 300.0 -29.2 405.9 334.9

Economic infrastructure 94.4 45.2 68.7 37.4 -23.7

Housing 2.3 32.8 106.0 -3.7 29.7

Education and professional training 36.8 -0.5 49.9 -3.2 18.7

Social infrastructure 15.4 -7.5 26.9 17.5 39.6

Administrative infrastructure 40.7 28.3 41.6 22.3 28.7

Urban development 33.5 37.1 55.4 -28.1 35.9

Unallocated 60.5 15.5 22.6 -13.0 40.9

Total 44.4 26.6 48.2 12.5 7.6

Agriculture and fishery 2.1 1.6 1.3 1.2 1.8

Irrigation and waterworks 20.0 21.3 15.6 16.4 18.0

Industry and energy 0.0 0.0 0.0 0.0 0.0

Tourism 0.0 0.0 0.0 0.0 0.0

Economic infrastructure 24.7 28.4 32.3 39.4 28.0

Housing 10.8 11.3 15.7 13.4 16.2

Education and professional training 13.5 10.6 10.7 9.2 10.2

Social infrastructure 5.7 4.1 3.5 3.7 4.8

Administrative infrastructure 4.8 4.8 4.6 5.0 6.0

Urban development 5.9 6.4 6.7 4.3 5.4

Unallocated 12.6 11.5 9.5 7.3 9.6

Total 100.0 100.0 100.0 100.0 100.0


1/ Commitment basis.

Table 22. Algeria: Sectoral Allocation of Budgetary Capital Expenditure, 2005–09 1/

(In millions of dinars)


(In percent of total)

24

2005 2006 2007 2008 2009

Total domestic debt 1/ 1,038.9 1,847.3 1,103.9 734.0 808.8

Equipment bonds and regular securities 874.3 1,066.9 1,052.7 677.8 752.6

Central bank overdrafts 109.4 729.2 0.0 0.0 0.0

Refinancing bonds 55.2 51.2 51.2 56.2 56.2

Public enterprises, EPIC, agroindustries 0.0 0.0 0.0 0.0 0.0

Supplementary restructuring debt 0.0 0.0 0.0 0.0 0.0

OPGI (real estate companies) 0.0 0.0 0.0 0.0 0.0

Farmers' debt 0.0 0.0 0.0 0.0 0.0

Banks 55.2 51.2 51.2 56.2 56.2

Solidarity bonds 0.0 0.0 0.0 0.0 0.0

CNAC (unemployment insurance agency) 0.0 0.0 0.0 0.0 0.0

Bonds (CNR-retirement insurance agency) 0.0 0.0 0.0 0.0 0.0

Bonds (CNAS-social security agency) 0.0 0.0 0.0 0.0 0.0

Memorandum items:

Domestic debt as percent of GDP 13.7 21.7 11.8 6.6 8.1

GDP (In billions of dinars) 7,565 8,515 9,363 11,069 10,018


1/ Excluding the blocked account at the Bank of Algeria and other deposits.

Table 23. Algeria: Central Government Domestic Debt, 2005–09

(In billions of dinars; end-of-period)

25

2005 2006 2007 2008 2009

Foreign assets (net) 4,179.4 5,515.0 7,415.5 10,246.9 10,886.0

Central bank 4,151.5 5,526.3 7,382.9 10,227.5 10,865.9

Commercial banks 27.9 -11.3 32.6 19.4 20.1

Net domestic assets -37.7 -581.4 -1,420.9 -3,291.0 -3,707.3

Domestic credit 833.8 601.3 12.1 -1,011.8 -396.8

Credit to government (net) -944.5 -1,304.1 -2,193.1 -3,627.3 -3,483.3

Central bank 2/ -1,986.5 -2,510.7 -3,294.9 -4,365.7 -4,402.0

Commercial banks 3/ 765.9 870.8 723.1 278.6 340.0

CCP and treasury deposits 276.1 335.8 378.7 459.8 578.5

Credit to the economy 3/ 1,778.3 1,905.4 2,205.2 2,615.5 3,086.5

Government lending funds -54.5 -33.5 -28.9 -16.3 -14.8

Medium- and long-term foreign liabilities -20.6 -19.4 -14.7 -11.4 -8.5

Other items (net) -796.4 -1,129.8 -1,389.4 -2,251.5 -3,287.2

Money plus quasi-money (M2) 4,142.4 4,933.7 5,994.6 6,955.9 7,173.1

Money 2,417.4 3,167.6 4,233.6 4,964.9 4,944.2

Currency outside banks 921.0 1,081.4 1,284.5 1,540.0 1,829.4

Demand deposits 1,220.4 1,750.4 2,570.4 2,965.1 2,541.9

Deposits with treasury and postal

checking system 276.1 335.8 378.7 459.8 572.9

Quasi-money 1,724.9 1,766.1 1,761.0 1,991.0 2,228.9

Money and quasi-money 10.7 19.1 21.5 16.0 3.1

Money 11.9 31.0 33.7 17.3 -0.4

Quasi-money 9.0 2.4 -0.3 13.1 11.9

Net domestic assets -106.1 1,441.5 144.4 131.6 12.6

Domestic credit -44.9 -27.9 -98.0 -8,462.0 -60.8

Credit to government 3/ 4,488.7 38.1 68.2 65.4 -4.0

Credit to the economy 3/ 15.8 7.1 15.7 18.6 18.0

Memorandum items:

Total liquidity/GDP 54.8 57.9 64.0 62.8 71.6

Money/GDP 32.0 37.2 45.2 44.9 49.4

Currency outside banks/GDP 12.2 12.7 13.7 13.9 18.3

Domestic credit/GDP 11.0 7.1 0.1 -9.1 -4.0

Money/M2 58.4 64.2 70.6 71.4 68.9

Currency outside banks/M2 22.2 21.9 21.4 22.1 25.5

Money multiplier 3.6 3.7 3.5 3.6 3.2

Nominal GDP (in billions of dinars) 7,564.6 8,514.8 9,362.7 11,069.0 10,017.5

Sources: Bank of Algeria; and Fund staff estimates.

1/ Including savings banks. Money and quasi-money include deposits of nonbank financial institutions in

the banking system.

2/ Includes, as a net item, deposits of the Banque Algérienne de Développement and ministries with the

central bank.

3/ Includes impact of banks' restructuring packages. The conversion of banks' claims on public

enterprises in banks' claims on the government results, other things being equal, in a decrease in credit to

the economy and an equal increase in credit to the government.

Table 24. Algeria: Monetary Survey, 2005–09 1/


(In percent)


26

2005 2006 2007 2008 2009

Net foreign assets 4,151.5 5,526.3 7,382.9 10,227.5 10,865.9

Net domestic assets -2,988.2 -4,191.0 -5,653.8 -8,302.0 -8,651.7

Credit to government -1,986.5 -2,510.7 -3,294.8 -4,365.7 -4,402.0

Credit to banks 0.0 0.0 0.0 0.0 0.0

Other credit 0.8 1.3 1.5 1.5 1.4

Other items net -1,002.5 -1,681.6 -2,360.5 -3,937.8 -4,251.1

Reserve money 1,163.3 1,335.3 1,729.0 1,925.5 2,214.2

Currency in circulation 930.3 1,092.1 1,301.3 1,561.7 1,849.9

Bankers deposits 1/ 233.1 243.2 427.7 363.8 364.3

Net foreign assets 1,042.4 1,374.8 1,856.6 2,844.6 638.4

Net domestic assets -1,039.2 -1,202.8 -1,462.8 -2,648.2 -349.7

Credit to government -1,070.7 -524.2 -784.1 -1,070.9 -36.3

Credit to banks 0.0 0.0 0.0 0.0 0.0

Other credit 0.2 0.5 0.2 0.0 -0.1

Other items net 31.3 -679.1 -678.9 -1,577.3 -313.3

Reserve money 3.2 172.0 393.7 196.5 288.7

Currency in circulation 47.8 161.8 209.2 260.4 288.2

Bankers deposits 1/ -44.5 10.1 184.5 -63.9 0.5

Net foreign assets 33.5 33.1 33.6 38.5 6.2

Net domestic assets 53.3 40.3 34.9 46.8 4.2

Credit to government 116.9 26.4 31.2 32.5 0.8

Credit to banks 0.0 1.0 2.0 3.0 3.0

Reserve money 0.3 14.8 29.5 11.4 15.0

Currency in circulation 5.4 17.4 19.2 20.0 18.5

Bankers deposits 1/ -16.0 4.4 75.8 -14.9 0.1

Source: Bank of Algeria.

1/ Includes deposits of nonbank financial institutions.


(Annual change; in billions of dinars)


Table 25. Algeria: Summary Balance Sheet of the Bank of Algeria, 2005–09

27

2005 2006 2007 2008 2009

Net foreign assets 27.9 -11.3 3.5 19.4 20.1

Assets 91.6 83.9 44.6 142.3 58.0

Liabilities 63.6 95.3 41.2 122.9 37.9

Net domestic assets 2,829.7 3,388.9 4,318.3 4,918.6 4,711.8

Domestic credit 2,556.2 2,775.0 2,926.8 2,892.6 3,425.4

Credit to government 777.3 870.8 723.1 278.6 340.2

Credit to the economy 1,778.9 1,904.1 2,203.8 2,614.1 3,085.2

Of which: private sector 896.4 1,055.1 1,214.5 1,411.8 1,599.2

Claims on central bank 688.6 1,169.6 2,010.9 2,848.9 2,441.7

Central bank deposit auction 499.8 906.7 1,583.1 2,500.4 2,122.1

Other deposits 188.8 262.9 427.8 348.5 319.6

Of which: required reserves 171.5 209.0 272.1 394.7 394.8

Cash in vault 9.3 10.7 16.8 21.8 20.6

Other items (net) -424.4 -566.4 -636.2 -844.8 -1,175.9

Of which: MLT foreign liabilities -20.6 -19.4 -14.7 -11.4 -8.5

Domestic liabilities

Demand deposits 1,224.4 1,750.4 2,560.8 2,946.9 2,502.9

Time deposits 1,632.9 1,649.8 1,761.0 1,991.0 2,228.9

Central bank refinancing 0.0 0.0 0.0 0.0 0.0

Net foreign assets 17.8 -39.2 14.8 16.0 0.7

Net domestic assets 134.4 559.2 929.4 600.2 -206.7

Credit to government 40.4 93.6 -147.8 -444.5 61.6

Credit to the economy 244.5 125.2 299.7 410.3 471.1

Claims on central bank 16.1 481.0 841.3 838.0 -407.2

Other -166.0 -140.6 -63.7 -203.6 -332.3

Domestic liabilities 151.9 542.9 921.6 616.1 -206.1

Foreign assets 19.5 -8.3 -46.8 218.7 -59.2

Foreign liabilities -4.3 49.7 -56.8 198.3 -69.2

Net domestic assets 5.0 19.8 27.4 13.9 -4.2

Credit to government 5.5 12.0 -17.0 -61.5 22.1

Credit to the economy 15.9 7.0 15.7 18.6 18.0

Claims on central bank 2.4 69.9 71.9 41.7 -14.3

Other 66.7 33.9 11.5 32.9 40.4

Domestic liabilities 5.6 19.0 27.1 14.3 -4.2



Table 26. Algeria: Summary Balance Sheet of Deposit Money Banks, 2005–09


(Annual change; in billions of dinars)

28

Table 27. Algeria: Distribution of Credit to the Economy by Maturity, 2005–09 1/

2005 2006 2007 2008 2009

Short-term 923.3 915.7 1,026.1 1,189.4 1,320.5

Medium-term 747.5 786.4 828.0 910.0 852.1

Long-term 109.0 203.3 351.1 516.1 913.9

Total 1,778.3 1,905.4 2,205.2 2,615.5 3,086.5

Short-term 11.5 -0.8 12.1 15.9 11.0

Medium-term 21.0 5.2 5.3 9.9 -6.4

Long-term 22.3 86.5 72.7 47.0 77.1

Total 15.8 7.1 15.7 18.6 18.0

Short-term 51.9 48.1 46.5 45.5 42.8

Medium-term 42.0 41.3 37.5 34.8 27.6

Long-term 6.0 10.7 15.9 20.7 30.6

Total 100.0 100.0 100.0 101.0 101.0


1/ Conversions of banks' claims on public enterprises to claims on the government results,

other things being equal, in a decrease in credit to the economy.

(In billions of dinars; end-of-period)


(In percent of total credit)

29

Table 28. Algeria: Distribution of Credit to the Economy by Sector, 2005–09

2005 2006 2007 2008 2009

Public sector 882.4 847.0 988.9 1,201.9 1,485.1

Private sector 897.3 1,057.0 1216 1,413.3 1,600.6

Local administration 0.1 1.4 0.3 0.3 0.8

Total 1,779.8 1,905.4 2,205.2 2,615.5 3,086.5

Public sector 2.7 -4.0 16.8 21.5 23.6

Private sector 32.9 17.8 15.0 16.2 13.3

Local administration -66.7 1,300.0 -78.6 0.0 166.7

Total 15.9 7.1 15.7 18.6 18.0

Public sector 49.6 44.5 44.8 46.0 48.1

Private sector 50.4 55.5 55.1 54.0 51.9

Local administration 0.0 0.1 0.0 0.0 0.0

Total 100.0 100.0 100.0 100.0 100.0



(In billions of dinars; end of period)

(In percent of total credits)

30

2005 2006 2007 2008 2009

Central bank deposit auction 1/ 1.68 1.86 1.92 1.44 …

Central bank rediscount 4.0 4.0 4.0 4 4.0

Central bank overdraft 19.0 19.0 19.0 19.0 19.0

Money market

Repurchase agreements ... ... ... ... ...

Central bank credit auction ... ... ... ... ...

Commercial banks' deposit rates 1.25–2.50 1.25-250 1.25-2.50 1.25 - 2.50 1.25 - 2.50

Commercial banks' lending rates 5.50–9.00 5.50-9.00 5.50-9.00 5.50 - 9.00 5.50 - 9.00

CNEP (savings and housing bank)

Deposit rates

Savings accounts 2.0–5.0 2.0–5.0 2.0–5.0 2.0–5.1 2.0–5.0

Housing accounts 5.0 5.0 5.0 5.0 5.0

Lending rates (housing)

Individuals 5.75–7.50 5.75–7.50 5.50-5.75 5.50 - 5.75 5.50 - 5.75

Developers 6.0 6.0 6.0 6.00 6.00

Treasury securities

13 weeks 0.80 1.44 0.20 0.18 0.32

26 weeks 1.30 1.65 0.33 0.19 0.35

52 weeks 2.68 2.38 2.60 ... ...

2 years 2.95 2.81 2.90 ... ...

5 years 4.00 3.16 3.25 ... ...

7 years 4.00 4.00 4.00 ... ...

10 years 4.50 4.26 4.50 ... ...

Memorandum item:

Consumer price index (average percentage change) 1.6 2.5 3.5 4.5 5.7


1/ One-week tender rate for 2002–04; weighted average of one- and three-month tender rates thereafter.

Table 29. Algeria: Structure of Interest Rates, 2005–09

(In percent per annum)

December

31

2005 2006 2007 2008 2009

Bank of Algeria 49 49 49 49 49

Banque de l'Agriculture et du Développement

Rural (BADR) 291 291 291 290 290

Banque de Développement Local (BDL) 164 146 146 147 148

Banque Extérieure d'Algérie (BEA) 82 84 84 86 91

Banque Nationale d'Algérie (BNA) 174 176 184 189 197

Crédit Populaire d'Algérie (CPA) 129 132 133 136 137

Caisse Nationale d'Epargne et de Prévoyance (CNEP) 197 201 206 209 209

Société de Refinancement Hypothécaire (SRH) 1 1 1 1 1

Caisse Nationale de Mutualité Agricole (CNMA) 0 62 62 62 62

Union Bank 0 0 0 0 0

El-Khalifa Bank 0 0 0 0 0

Mouna Bank 0 0 0 0 0

Banque Commerciale et Industrielle d'Algérie (BCIA) 0 0 0 0 0

Algerian International Bank 1 0 0 0 0

Arcobank 1 0 0 0 0

Compagnie Algérienne de Banque (CAB) 0 0 0 0 0

Bank El Baraka 11 16 17 20 20

Citibank 4 4 4 4 4

Arab Banking Corporation (ABC Algeria) 4 6 7 10 12

Société Générale 13 24 37 53 54

Natexis El Amana Bank 3 4 10 12 12

Al Rayan Algerian Bank 7 0 0 0 0

Arab Bank 2 2 4 4 4

BNP Paribas El-Djazair 10 18 36 46 49

Banque Générale Méditerranéenne 2 0 0 0 0

TRUST Bank—Algeria 3 3 3 6 7

The Housing Bank for Trade and Finance—Algeria 2 2 2 4 4

Gulf Bank—Algeria 1 1 1 13 13

Sofinance 1 1 1 1 1

Arab Leasing Corporation 2 2 3 3 3

Cetelem 0 1 1 1 1

Fransabank el dzajair 0 0 1 1 1

Calyon Algeria 0 0 1 1 1

HSBC -El Djazair 0 0 1 1 1

Al Salem Bank 0 0 1 1 1

Société algérienne de leasing immobilier 1 1 1 0 0

Maghreb Leasing Algerie 0 1 1 1 1

Total 1,155 1,228 1,288 1,351 1,373


Table 30. Algeria: Number of Branches of Financial Institutions, 2005–09

32

2005 2006 2007 2008 2009

Current account 21.2 29.0 30.6 34.5 0.4

Trade balance 26.5 34.1 34.2 40.6 7.8

Exports, f.o.b. 46.3 54.7 60.6 78.6 45.2

Hydrocarbons 45.5 53.6 59.6 77.2 44.4

Other exports 0.8 1.1 1.0 1.4 0.8

Imports, f.o.b. -19.9 -20.7 -26.4 -38.0 -37.4

Services and income (net) -7.4 -6.7 -5.9 -8.9 -10.0

Services (net) -2.3 -2.2 -4.0 -7.6 -8.7

Credit 2.5 2.6 2.9 3.5 3.0

Debit -4.8 -4.8 -6.9 -11.1 -11.7

Income (net) -5.1 -4.5 -1.8 -1.3 -1.3

Credit 1.4 2.4 3.8 5.1 4.7

Debit -6.5 -6.9 -5.6 -6.5 -6.1

Of which:

Interest payments -1.0 -0.8 -0.2 -0.2 -0.2

Profit repatriation -5.5 -6.2 -5.4 -4.6 -3.9

Transfers (net) 2.1 1.6 2.2 2.8 2.6

Capital account -4.2 -11.2 -1.1 2.5 3.5

Direct investment (net) 1.1 1.8 1.4 2.3 2.5

Loans (net) -3.1 -11.9 -0.8 -0.4 1.3

Drawings 1.4 1.0 0.5 0.8 2.2

Amortization -4.5 -12.9 -1.3 -1.3 -0.9

Short-term capital and errors and omissions -2.2 -1.1 -1.7 0.6 -0.4

Overall balance 16.9 17.7 29.6 37.0 3.9

Financing -16.9 -17.7 -29.6 -37.0 -3.9

Official reserves (increases -) -16.3 -17.7 -29.6 -37.0 -3.9

Fund repurchases -0.6 0.0 0.0 0.0 0.0

Memorandum items:

Current account balance (in percent of GDP) 20.6 24.7 22.5 20.1 0.3

Algerian crude oil export unit value (US$/barrel) 1/ 54.6 65.7 74.7 100.0 62.3

Gross official reserves (in billions of US$) 56.2 77.8 110.2 143.1 148.9

In months of next years' imports of goods and services 26.5 28.0 27.4 35.2 36.4

Gross external debt (in billions of US$) 17.2 5.6 5.1 5.6 5.3

External debt/exports (in percent) 37.1 10.2 8.4 6.8 10.9

External debt/GDP (in percent) 16.7 4.8 3.8 3.3 3.8

Debt service (in billions of US$) 6.1 13.6 1.5 1.5 1.1

Debt service/exports (in percent) 13.2 24.9 2.5 1.8 2.2

Interest payments/exports (in percent) 2.2 1.4 0.4 0.2 0.4

GDP (in billions of US$) 102.7 116.8 135.3 171.0 139.8


1/ Weighted average of quarterly data.

Table 31. Algeria: Balance of Payments, 2005–09

(In billions of U.S. dollars; unless otherwise indicated)

33

2005 2006 2007 2008 2009

Exports

Food 67.0 73.0 88.0 122.0 113.0

Hydrocarbon 45,587.9 53,608.0 59,605.1 77,195.0 44,415.0

Raw materials 136.0 195.0 170.0 339.0 169.0

Semi finished 481.0 765.0 640.0 853.0 393.0

Agricultural equipment 0.0 1.0 1.0 1.0 0.0

Industrial equipment 37.0 44.0 46.0 77.0 42.0

Consumer goods 19.0 44.0 35.0 35.0 49.0

Other 6.0 10.0 5.0 8.0 5.0

Total 46,333.9 54,740.0 60,590.1 78,630.0 45,186.0

Of which: nonhydrocarbon 746.0 1,132.0 985.0 1,426.0 766.0

Imports

Food 3,374.0 3,572.0 4,656.0 7,273.0 5,512.0

Energy 199.0 230.0 305.0 1,722.0 516.0

Raw materials 706.0 792.0 1,245.0 133.0 1,128.0

Semi finished 3,845.0 4,637.0 6,678.0 9,251.0 9,557.0

Agricultural equipment 150.0 90.0 137.0 161.0 219.0

Industrial equipment 7,967.0 8,015.0 9,361.0 14,095.5 14,141.0

Consumer goods 2,922.0 2,830.0 3,546.0 4,125.0 5,868.0

Direct investment in kind 711.0 515.0 420.0 630.5 462.0

Total 19,874.0 20,681.0 26,348.0 37,391.0 37,403.0

As share of total exports

Nonhydrocarbon 1.6 2.1 1.6 1.8 1.7

As share of total imports

Food as share of imports 17.0 17.3 17.7 19.5 14.7

Industrial goods 40.1 38.8 35.5 37.7 37.8

Consumer goods 14.7 13.7 13.5 11.0 15.7


Table 32. Algeria: Exports and Imports, 2005–09

(In millions of U.S. dollars)

(In percent)

34

2005 2006 2007 2008 2009

Liquid petroleum products

Crude oil 1,780 1,735 1,708 1,545.7 1,371.0

Condensate 607 598 576 580.9 467.4

Refined petroleum products 486 492 432 456.0 473.0

LPG 319 295 337 338.0 307.7

Total liquid petroleum 3,193 3,120 3,053 2,920.6 2,619.1

Natural gas piped and LNG

Natural gas piped 1,493 1,416 1,326 1,462.8 1,250.6

LNG 1,053 912 934 811.6 791.8

Total gas 2,546 2,328 2,260 2,274.4 2,042.4

Total hydrocarbon 5,739 5,448 5,313 5,195.0 4,661.5

Liquid petroleum products

Crude oil 31.0 31.9 32.1 29.8 29.4

Condensate 10.6 11.0 10.8 11.2 10.0

Refined petroleum products 8.5 9.0 8.1 8.8 10.1

LPG 5.6 5.4 6.3 6.5 6.6

Total 55.6 57.3 57.5 56.2 56.2

Natural gas and LNG

Natural gas 26.0 26.0 25.0 28.2 26.8

LNG 18.4 16.7 17.6 15.6 17.0

Total 44.4 42.7 42.5 43.8 43.8


(In billions of BTUs)

(In percent of total hydrocarbon volume)

Table 33. Algeria: Volume of Hydrocarbon Exports, 2005–09

35

2005 2006 2007 2008 2009

Crude oil

Value (in millions of US$) 19,340.7 22,697.4 25,373.7 30,513.7 16,855.6

Of which: Profit repatriation of partners 4,009.8 4,624.9 2,989.0 3,593.4 2,963.1

Volume (in millions of barrels) 354.3 345.3 339.5 305.5 272.8

Unit price (in US$ per barrel) 54.6 65.7 74.7 99.9 62.2

Condensate


Of which: Profit repatriation of partners 156.1 152.7 228.0 221.4 231.6



Refined petroleum products




LPG





LNG


Volume (in billions of c.m. dry gas equivalent) 24.2 24.0 24.1 34.6 34.7

Unit price (in US$ per thousand c.m.) 220.4 266.4 279.6 262.7 161.3

Natural gas piped (NG)



Volume (in billions of c.m.) 39.8 37.9 35.4 39.0 33.6

Unit price (in US$ per thousand c.m.) 184.0 234.5 243.8 371.3 244.8

Total hydrocarbon receipts (in million of US$) 45,572.6 53,608.0 59,604.8 77,194.6 44,415.1

Of which: Share of Sonatrach's partners 4,743.7 5,288.2 3,895.0 4,562.0 3,920.9

Oil products 72.2 71.5 74.2 69.5 68.9

Crude oil 42.4 42.3 42.6 39.5 38.0

Condensate 13.8 13.6 14.3 13.1 11.6

Refined petroleum products 8.6 8.9 9.8 9.5 12.1

LPG 7.3 6.8 7.6 7.4 7.2

Gas 27.8 28.5 25.8 30.5 31.1

LNG 11.7 11.9 11.3 11.8 12.6

NG 16.1 16.6 14.5 18.8 18.5


Table 34. Algeria: Hydrocarbon Exports, 2005–09

36

2005 2006 2007 2008 2009

Total export volume index 272.2 267.6 264.0 256.7 229.2

Nonhydrocarbon export volume index 179.6 265.7 208.2 274.4 168.4

Total import volume index 143.4 135.3 154.2 175.8 200.4

Food import volume index 157.7 150.4 173.1 234.6 209.2

Terms of trade index 296.0 324.3 326.7 400.3 293.0

Total export volume index 5.7 -1.7 -1.3 -2.8 -10.7

Nonhydrocarbon export volume index 8.2 47.9 -21.7 31.8 -38.6

Total import volume index 6.3 -5.7 14.0 14.0 14.0

Food import volume index 0.6 -4.6 15.1 35.5 -10.8

Terms of trade index 33.0 9.6 0.8 22.5 -26.8

Sources: Algerian authorities; and Fund staff calculations.

Table 35. Algeria: Trade Indices, 2005–09

(1995 = 100)


37

2005 2006 2007 2008 2009

Total external debt 17,192 5,674 5,606 5,586 5,413

Long-term debt 16,485 5,124 4,889 4,282 3,921

Official creditors 12,933 2,281 2401 2,073 2,141

Multilateral (excluding IMF) 2,444 402 226 10 10

Of which: World Bank 779 119 113 0 0

Bilateral 10,489 1,879 2,175 2,063 2,131

Concessional 2,079 1,535 1,777 1,685 1,741

Private creditors 3,552 2,843 2,488 2,209 1,780

Commercial banks 1,039 29 49 88 73

Supplier 2/ 97 92 16 6 21

Other private 2,416 2,722 2,423 2,115 1,686

IMF 0 0 0 0 0

Short-term debt 707 550 717 1,304 1,492

Disbursements 339 406 199

Official creditors 431 126 196 179 81

Multilateral (excluding IMF) 358 67 108 3 0

Of which: World Bank ... ... 9 3 0

Bilateral 73 59 88 176 81

Private creditors 341 75 143 227 118

IMF purchases 0 0 0 0 0

Principal repayment 5,060 12,726 976 1,067 875

Official creditors 2,822 10,851 228 914 437

Multilateral (excluding IMF) 1,190 2,340 30 104 2

Of which: World Bank ... 677 17 104 1

Bilateral 1,632 8,511 199 810 435

Private creditors 1,398 1,723 412 153 438

IMF repurchases 612 0 0 0 0

Interest payments 888 610 200 151 125


Multilateral (excluding IMF) 163 118 13 2 0

Of which: World Bank 46 21 7 2 0

Bilateral 544 316 48 107 84


IMF charges 18 1 0 0 0

Short-term debt ... ... ... ... ...

Total debt service 5,981 13,351 1,175 1,218 1,000

Official creditors 3,529 11,286 290 1,023 522

Multilateral (excluding IMF) 1,354 2,458 43 107 2

Bilateral 2,176 8,828 247 916 519

Private creditors 1,553 1,845 485 195 478

IMF repurchases and charges 630 1 0 0 0

Short-term debt 15 15 0 0 0

Table 36. Algeria: External Debt, 2005–09 1/

(In millions of U.S. dollars; unless otherwise indicated)

38

2005 2006 2007 2008 2009

Debt restructurings

Total amount rescheduled 0 0 0 0 0

Principal rescheduled 0 0 0 0 0



Interest rescheduled 0 0 0 0 0



Interest (in percent) 3.2 1.4 0.9 0 0Maturity (in years) 11.5 15.3 14.6 0 0Grace period (in years) 2.7 3.3 7.7 0 0Grant element (in percent) 22.6 47.0 58.7 0 0

Interest (in percent) 3.4 0.5 0.9 0 0Maturity (in years) 11.9 16.8 14.7 0 0Grace period (in years) 2.8 3.3 7.7 0 0Grant element (in percent) 21.1 53.6 58.8 0 0

Source: World Bank, Debtor Reporting System (DRS).

1/ DRS data used in this table may not correspond exactly to the external debt data published

by the Algerian authorities.

2/ Suppliers' credits comprise export credit guaranteed by an export credit agency as well as other

supplier's credit arranged directly with suppliers.

Table 36. Algeria: External Debt, 2005–09 1/ (concluded)

(In millions of U.S. dollars; unless otherwise indicated)

39

Q1 Q2 Q3 Q4

1990 620.1 595.1 514.7 429.1

1991 293.4 282.6 282.4 217.1

1992 217.5 218.4 213.8 220.9

1993 225.8 224.3 226.1 228.2

1994 228.7 151.4 134.6 123.4

1995 118.2 107.3 98.4 97.3

1996 95.4 95.2 93.7 94.1

1997 98.4 101.1 102.4 104.1

1998 106.8 107.0 106.5 104.8

1999 100.9 99.2 100.8 100.6

2000 100.4 100.4 99.3 100.0

2001 101.4 103.9 103.6 104.5

2002 104.0 98.9 94.0 93.4

2003 89.8 86.4 88.4 90.9

2004 88.7 91.4 89.4 85.5

2005 83.7 85.3 87.4 88.8

2006 88.1 86.1 85.5 86.1

2007 85.5 84.5 85.8 83.6

2008 82.5 83.8 90.0 92.0

2009 101.0 96.5 92.9 91.1

1990 197.6 201.5 177.4 156.5

1991 114.0 113.9 117.7 97.2

1992 102.4 111.7 117.2 123.5

1993 130.6 134.8 138.2 143.9

1994 154.1 109.3 104.4 102.5

1995 104.8 98.7 94.9 95.9

1996 97.8 101.4 100.5 101.3

1997 105.3 107.0 109.2 111.3

1998 114.1 114.1 114.1 111.7

1999 106.3 104.3 105.3 103.6

2000 102.9 100.6 98.3 98.3

2001 99.8 103.7 103.6 105.1

2002 103.5 96.2 91.2 89.9

2003 85.2 83.6 86.5 89.2

2004 86.7 89.0 87.4 83.4

2005 82.0 83.1 83.4 84.1

2006 84.3 83.1 81.9 83.4

2007 82.3 81.2 84.5 81.4

2008 80.2 81.3 86.9 91.3

2009 106.2 102.4 101.0 98.9

Source: International Monetary Fund.

Real effective exchange rate

(2000 = 100)

Nominal effective exchange rate

Table 37. Nominal and Real Effective Exchange Rates, 1990–2009

Documents

Algeria: Statistical Appendix; IMF Country Report 11/40; December